Demand for Meat Drives Cargill Profit

Cargill announced on Thursday (13), a quarterly net profit higher because of strong demand for beef and poultry, as well as solid exports United States us grain. The company, based in Minnesota, said that your profit increased to $ $347,000,000 in the fourth quarter ended May 31, compared to $ $15,000,000 recorded a year before. Excluding extraordinary items, operating profits came to $ $460,000,000, compared with a loss of $ $19,000,000 a year earlier. Already the revenue rose 4 percent to $ $28.3 billion. Cargill has closed and is in the second year of your restructuring. According to her, the results were highest in each of its four business segments and the income has reached the highest level in two years.